Forex Brokers Without ID Verification
Open an account in seconds with a broker that doesn't need verification, and trade CFDs on Forex, crypto and shares anonymously.
By Stefan on 26/09/2023
NordFX (NordFX.com) is a fully offshore Forex broker serving traders worldwide since 2008. Trade with flexible leverage up to 1:1000 on MetaTrader 4.
- Markets: Forex (CFD), Cryptos (CFD)*, Stocks (CFD), Indices (CFD), Metals (CFD), Energy (CFD)* Availability subject to regulation.
- Platforms: MT4, Copy trading
- Regulators: Vanuatu
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Best Broker Without KYC in 2023
Start trading in minutes with NordFX.com, without having to provide proof of ID or address. NordFX accepts customers from a wide range of countries, except residents from the USA, the EU (UK residents are allowed), Canada, Russia or sanctioned countries.
NordFX is an offshore broker in business since 2008, currently headquartered in Vanuatu. Trade CFDs on 33 currency pairs, 13 crypto-currencies, stocks, indices and more with up to 1:1000 leverage. NordFX supports the MetaTrader 4 platform and accepts all trading styles, including hedging, scalping and news trading.
Easily fund your account with a credit card, Skrill or Neteller. NordFX also accepts crypto-currency payments, either directly or via Binance Pay. However, bank transfers are not possible at the moment. NordFX charges no fees on deposits. Visit NordFX.com to get started.
Speed: with NordFX, you can open an account in seconds and fund your account immediately after that. This will allow you to seize trading opportunities when speed matters. In contrast, most brokers require that you provide proof of identity and proof of address, which can add days to the registration process.
Anonymity: you'll be anonymous to NordFX and can start trading in minutes with only an email address. However, you'll have to provide proof of identity (in the form of a passport) and proof of address in order to withdraw funds. Vanuatu is a founding member of the Asia/Pacific Group on Money Laundering (APG) and is strengthening its anti-money laundering processes(1).
Privacy: because NordFX is regulated in Vanuatu and doesn't require tax identification numbers, your trading activity and any profits will remain private. It is your responsibility to ensure that any taxes due are paid.
Lack of transparency: brokers without ID checks are typically incorporated in countries with weak governance standards. Although Vanuatu has signed up to tax information and exchange treaties, it was rated partially compliant by the OECD in relation to the availability of ownership information for offshore companies(2). This means that you may struggle to find out who ultimately owns and runs the business.
Lack of protection: brokers with no KYC checks, an abbreviation of "Know Your Customer", are often incorporated in countries without investor compensation funds. This is also the case with NordFX, as no investor compensation fund is available in Vanuatu. This means that you could lose any funds in your trading account should NordFX go bankrupt.
Risk of fraud: crucially, you will need to trust your broker to do the right thing. NordFX.com has been in business since 2008 and has won over 50 awards since. In 2023, it was voted Most Transparent Forex Brokerage Company UAE in the Finance Derivative Awards, and Best CFD Broker Asia in the International Business Magazine Awards(3).
- 1. APG. Vanuatu. https://apgml.org/members-and-observers/members/details.aspx?m=c1870a1f-0875-4c35-a49e-930df0f339b5
- 2. OECD. (2019). Global Forum on Transparency and Exchange of Information for Tax Purposes: Vanuatu 2019. https://doi.org/10.1787/dd70b774-en
- 3. NordFX. Awards. https://nordfx.com/our-awards.html?id=455685
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